Includes

While it is pursuing a reduced carbon power generation portfolio that includes a bold nuclear power plant play, Princeton, NJ-based NRG Energy, Inc.’s aggressive 10,000 MW, $15.9 billion long-term development plan is weighted toward an expectation that most of its new megawatts will come from natural gas- and clean coal-fired generation with a healthy dose of wind, according to a presentation Tuesday by CEO David Crane at NRG’s first day-long conference for financial analysts.

A project aspiring to grow up into the next oil sands breakthrough includes the ultimate in substitutes for natural gas — pure heat. As oil sands manager and chief financial officer of Petrobank Energy and Resources, Chris Bloomer makes the earth burn. “It’s aggressive in the reservoir,” he said in describing the new production method at an industry conference and trade fair in Fort McMurray, the oil sands boom city 500 miles northeast of the Canadian gas capital of Calgary.

With natural gas futures traders continuing to hang on every sentence that includes the words “summer,” “temperatures” and “hurricanes,” MDA EarthSat Energy Weather’s updated summer 2006 outlook and Weather 2000’s tropical expectations are sure to garner attention.

The Sid Richardson purchase includes 4,000 miles of natural gas and gas liquids pipe in the Permian Basin in West Texas and New Mexico, about 450 MMcf/d of cryogenic processing capacity among six interconnected plants, 930 MMcf/d of high-pressure treating capacity and a gas liquids and gas marketing operation based in Houston and Fort Worth.

Targa Resources Inc. last week completed its $2.35 billion acquisition of Dynegy Inc.’s formidable midstream natural gas business, which includes gas gathering and processing facilities, as well as its natural gas liquids (NGL) fractionation, terminaling, storage, transportation, distribution and marketing assets. With the sale, which was announced in August (see NGI, Aug. 8), Dynegy is now a pure power generation player.

Targa Resources Inc. on Monday completed its $2.35 billion acquisition of Dynegy Inc.’s formidable midstream natural gas business, which includes gas gathering and processing facilities, as well as its natural gas liquids (NGL) fractionation, terminaling, storage, transportation, distribution and marketing assets. With the sale, which was announced in August (see Daily GPI, Aug. 3), Dynegy is now a pure power generation player.

The Minerals Management Service (MMS) announced two proposed lease sales scheduled to take place on March 16, 2005, covering about 22 million acres in the central and eastern Gulf of Mexico with estimated economically recoverable oil and gas totaling 341-659 million bbl and 1.86-3.64 Tcf, respectively. The agency also released revised lease sale provisions, including rules for new safety/exclusion zones around proposed offshore liquefied natural gas import terminals.

The Minerals Management Service (MMS) announced two proposed lease sales scheduled to take place on March 16, 2005, covering about 22 million acres in the central and eastern Gulf of Mexico with estimated economically recoverable oil and gas totaling 341-659 million bbl and 1.86-3.64 Tcf, respectively. The agency also released revised lease sale provisions, including rules for new safety/exclusion zones around proposed offshore liquefied natural gas import terminals.

The Minerals Management Service (MMS) announced two proposed lease sales scheduled to take place on March 16, 2005, covering about 22 million acres in the central and eastern Gulf of Mexico with estimated economically recoverable oil and gas totaling 341-659 million bbl and 1.86-3.64 Tcf, respectively. The agency also released revised lease sale provisions, including rules for new safety/exclusion zones around proposed offshore liquefied natural gas import terminals.